Among the actives, China Life Insurance surged 4.25 percent, while China Mengniu Dairy soared 3.37 percent, Galaxy Entertainment spiked 3.01 percent, BOC Hong Kong jumped 2.18 percent, AIA Group ... ( read original story ...)
New World Development plans blockchain platform for home deals
New World Development (0017) has collaborated with Hong Kong Applied Science and Technology Research Institute to launch a blockchain platform PropTech, that will allow secure purchases of flats from ... ( read original story ...)
Fund Companies Ask Hong Kong to Relax IPO Investment Rules
Global asset managers are lobbying Hong Kong to relax rules that forbid existing shareholders to subscribe to initial public offerings. The Asia Securities Industry and Financial Markets Association a... ( read original story ...)
Cryptocurrency companies use ‘backdoor’ listings to ease into mainstream
Hong Kong officials have already questioned the sustainability of crypto businesses when last year, the world’s largest makers of cryptocurrency mining rigs did not follow through on IPO plans ... ( read original story ...)
New payment system at HSBC on way
The Hongkong and Shanghai Banking Corporation has launched the PayMe for Business beta test program, allowing merchants who are HSBC Business Banking customers in Hong Kong to collect money.The beta t... ( read original story ...)
Hong Kong opens banking market to online competition
Digital banking licences set to be issued to 6 companies including Tencent, Ant Financial and Xiaomi The sales pitch from the Chinese companies is expected to be easier online banking that gives acces... ( read original story ...)
Filipino tourists jailed in HK for bank account scam
If it’s too good to be true, it probably is. Three Filipino call center agents have been sentenced to five months of jail time in Hong Kong over an alleged bank account scam, the Philippines ... ( read original story ...)
Hong Kong’s Central Banker to Step Down After a Decade in Charge
Hong Kong’s de facto central bank is bidding farewell to its chief after a decade, starting the search for a successor at a time when the city faces an outlook made uncertain by the slowing Chinese ec... ( read original story ...)
Filipino tourists jailed in HK for bank scam
If it’s too good to be true, it probably is. Three Filipino call center agents have been sentenced to five months of jail time in Hong Kong over a bank scam, the Philippines’ Department of Foreign Aff... ( read original story ...)
Hong Kong Exchanges and Clearing : Exchange to buy majority stake in Chinese financial tech firm
HONG KONG (Reuters) - Hong Kong Exchanges and Clearing Ltd (HKEX), the stock exchange operator in the Asian financial hub, has agreed to buy a majority stake in a Chinese financial technology firm's u... ( read original story ...)
How to get a banking technology job in Hong Kong and Singapore in 2019
If there’s one job sector that almost all banks in Hong Kong and Singapore are prioritising this year, it’s technology. More than a quarter (27%) of Singapore-based vacancies across large ... ( read original story ...)
Hong Kong leads Asia equities higher as trade talks roll on
Hong Kong’s Hang Seng index was among the best performers of ... 0.2 per cent with strong gains for miners offset by declines for much of the market including financials, telecoms and consumer stocks. ... ( read original story ...)
Hong Kong’s banking and insurance sectors among biggest winners under Greater Bay Area blueprint, say analysts
Hong Kong and the other cities in the “Greater Bay Area” are likely to see an increase in cross-border insurance and banking activity, mutual fund investments and commodities trading under the blue pr... ( read original story ...)
Hong Kong Stock Market Predicted To Halt Slide
BOC Hong Kong slid 1.29 percent, Hong Kong & China Gas dipped 1.13 percent, New World Development eased 0.63 percent and China Mobile was down 0.12 percent. The lead from Wall Street is positive ... ( read original story ...)